Ok, 'fess up ... any other tax procrastinators?

tarsier

tarsier

Joined
Apr 6, 2002
Messages
1,356
I almost always owe money, so I don't do my taxes until April. I guess I could get everything figured out in February then wait to file...but this is a convenient excuse. Besides, gems of clarity like this are a lot more entertaining at the last minute:

Exception. Some dividends may be reported as qualified dividends in box 1b of Form 1099-DIV but are not qualified dividends. These include:

Dividends you received on any share of stock that you held for less than 61 days during the 121-day period that began 60 days before the ex-dividend date. The ex-dividend date is the first date following the declaration of a dividend on which the purchaser of a stock is not entitled to receive the next dividend payment. When counting the number of days you held the stock, include the day you disposed of the stock but not the day you acquired it. See the examples below. Also, when counting the number of days you held the stock, you cannot count certain days during which your risk of loss was diminished. See Pub. 550 for more details.
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Bureaucracy is a challenge to be conqured with a righteous attitude, a tolerance for stupidity and a Bulldozer when necessary.

I did mine last week, efiled my state taxes and telefiled my federal, had to pay on both but they have already taken it out so I am done.
 
The State of Mississippi is procrastinating about getting my refund to me. :grumpy:
 
True story;
about 3 years ago I was talking to my now-wife on the phone (then friend or g-friend, can't keep track) at around 11:30 PM, and all of a sudden I heard her say "OH. S... H.... |.... T.... , I forgot to mail my taxes"...........
----click----
and off she went.
.
At 11:00, I like to drive by my post office and watch all of the suckers rushing to mail off thier paperwork.
It's great fun.
 
Nope, we filed two weeks ago. And guess what ....... I smell REFUND!!! :)
 
They're done, but I've got to pay some real money, so the check don't go out until it has too. :mad:
 
I have been known to file years late. I generally don't owe any money so the primary penalty is the delay of my refund. This came about from multiple, poorly documented, income sources. My wife has been known to operate two small businesses and work for 4 employers from home. Between business expenses and unreimbursed employeee expenses she has a lot to account for, but she doesn't do any accounting. I have to round up all her stuff from all over the house and car. In the same year I may have been layed off, collected unemployment insurance, liquidated stock options, sold employee stock, and bought and sold a dozen other securities. I can't even hand things off to an accountant until I have found all the records.
 
Chuck, I'm going to file and pay by April, my situation is not very complicated this year. Despite the occasional odd and confusing rule.

Jeff...man, what can I say. If you can keep all that straight, my hat is off to you. That would drive me nuts.

yam said:
Nope, we filed two weeks ago. And guess what ....... I smell REFUND!!!
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So what are ya gonna buy with that fat refund check? Not gonna put it in the bank or something boring, I hope...:p
 
Ya! I did mine for the first time on sunday. Lots of mistakes, and super confusing. Good thing my dad was checked it over. :D
 
I never do my own taxes. Last year I used my "family's" accountant and got about a thousand back. Then this year I used a friend's accountant because she was about 50% cheaper, but I also got about half as much back! Being totally tax-ignorant, I don't know who to fault.

At least I didn't have to pay anything.

Taxes suck.

~ashes
 
People, I know that a fat refund check fells so good... actually getting money back from the evil government and all. But, guess what? They're giving you back your own money... and with no interest!

People, if you're getting a refund, you are doing it wrong. To do it right, you should actually end up owing a small amount in taxes, not so much as to trigger any penalties.

If you're getting a refund, then you need to file a new W4 with your employeer and claim another exemption or two. This will make your paycheck go up. It's like giving yourself a raise! Take that money and put it into a savings account. If you end up owing a bit of tax, take the money out of that account.

But don't let the government borrow money from you at no interest and then rejoice when they finally pay you back... some of it 16 months later. You wouldn't loan me money interest-free for 16 months. Don't loan the government money interest-free for 16 months and then think they're doing you this great favor when they repay it. Believe me, the IRS laughs in delight with every refund check they print.
 
Gollnick said:
But don't let the government borrow money from you at no interest and then rejoice when they finally pay you back... some of it 16 months later. You wouldn't loan me money interest-free for 16 months. Don't loan the government money interest-free for 16 months and then think they're doing you this great favor when they repay it. Believe me, the IRS laughs in delight with every refund check they print.
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.
It's easy to say,
but many, (probably most) folks just don't know how to save.
 
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